HomeMy Public PortalAbout01-17-2006 PROCEEDINGS OF THE COMMON COUNCIL OF THE
CITY OF RICHMOND, INDIANA, SERVING AS A BOARD
IN CHARGE OF THE OPERATION OF THE RICHMOND POWER& LIGHT PLANT
TUESDAY, JANUARY 17, 2006
The Common Council of the City of Richmond, Indiana, serving as a Board in charge of the operations of
the Richmond Power & Light Plant, met in regular session at 7 p.m. Tuesday, January 17, 2006 in the
Council Chambers in the Municipal Building in said City. Vice Chairperson Welch presided.
ROLL CALL: Present were: Howard "Jack" Elstro, Etta Lundy, Bruce Wissel, Karl Sharp, Bing Welch, Al
Glover, Diana Pappin and Gil Klose. Absent was Larry Parker.
APPROVAL OF MINUTES: Board member Pappin moved to amend the minutes of the Special Meeting
of January 3, 2006 to reflect the presence of Etta Lundy. There was a second by Board member Sharp.
The motion carried with a unanimous voice vote. Board member Pappin moved to approve the amended
minutes of the special meeting and the regular meeting held January 3, 2006 with a second by Board
member Sharp. The motion carried with a unanimous voice vote.
APPROVAL OF BILLS, INVESTMENTS AND TRANSFERS: Upon recommendation of the Finance
Committee, Board member Pappin moved to approve the following bills for payment with a second by
Board member Klose. The motion carried with a voice vote.
Bills Already Paid:
Payroll and Deductions 294,469.35
Transfers from Cash Operating to:
Miscellaneous Prepaid Invoices 2,247,659.49
Telecom. Div. Misc. Pre Paid Invoices: 28,922.48
Total Prepaid Invoices: 2,571,051.32
Total EFT/Direct Deposit of Payroll: 106,452.78)
Total Prepaid Invoices: 2,464,598.54
Total EFT Transfers: 79,675.00
Total Prepaids plus EFT Transfers: 2,544,273.54
Total Bills Not Paid: 668,429.47
Grand Total: $3,212,703.01
STREET LIGHT COMMITTEE: None
MISCELLANEOUS BUSINESS: General Manager Osborn reported the experimental project by Mobotec
USA to install and monitor a limestone injection system to reduce SO2 emissions has resulted in a 20%
reduction to date. Mobotec has billed RP&L for $581,000; however, Mr. Osborn doesn't think more than
$400,000 is warranted for payment at this time.
Board member Sharp moved to authorize the General Manager to reimburse Mobotec USA for 2004 and
2004 expenses, not to exceed $400,000 with a second by Board member Wissel. The motion carried
with a unanimous voice vote.
REPORT BY GENERAL MANAGER:
• The financial analysis of operations will be complete by January 20. A schedule of presentations
will be established at that time.
• The Johns Manville and Highland Road substation projects are progressing well.
• The notice of the bond sale in the amount of$3.3 million states February 1 as the sale date.
• The next meeting of the Board will be January 23 at 7 PM in the RP&L offices.
• The date for theAPPA seminar will be coordinated with Board members.
• Mr. Osburn is currently tracking 62 bills in this legislative session.
ADJOURNMENT: There being no further business, the meeting was adjourned.
S/S Larry Parker
Larry Parker, Chairperson
S/S Karen Chasteen
ATTEST: Karen Chasteen, Clerk